Asset Comparison and Correlation

Assuming 30 trading days horizon, BSE is expected to generate 7.66 times less return on investment than Gujarat. But when comparing it to its historical volatility, BSE is 6.14 times less risky than Gujarat. It trades about 0.34 of its potential returns per unit of risk. Gujarat Narmada Valley Fertilizers Chemicals Limited is currently generating about 0.42 of returns per unit of risk over similar time horizon. If you would invest  8,360  in Gujarat Narmada Valley Fertilizers Chemicals Limited on April 19, 2013 and sell it today you would lose (60.00) from holding Gujarat Narmada Valley Fertilizers Chemicals Limited or give up 0.72% of portfolio value over 30 days.